Audius Coin (AUDIO) is a decentralized music sharing platform. Many artists and users can share any music they like on this platform in a decentralized manner or even start a live broadcast directly. Launched to allow everyone to monetize, distribute, and broadcast their content, AUDIO aims to create direct interaction between artists and listeners. Having entered the cryptocurrency sector only recently, AUDIO has certainly made significant progress in a short time.
What is Audius (AUDIO)?
The Audius Coin protocol consists of different structures. Discovery network nodes help in distributing different contents within Audius to various people, ensuring easy discovery and the preservation of metadata. Another element, content nodes, perform direct content broadcasts and represent artists in decentralized copyright claims through smart contracts, ensuring everything operates in a decentralized manner.
The third element, the content wallet, acts as a single source for accessing all data in the Audius protocol. It includes references to different contents and information about the activities created by content nodes.
AUDIO Coin can be used to participate in protocol voting, staking, earning income from transaction fees in the network, and finally, staking new features like artist tokens. As of the writing of this article, AUDIO ranks 439th, with a total market value of 43 million dollars. The unit price of AUDIO is 0.3629 dollars, with a 24-hour volume of 1.5 million dollars and a total supply of 1 billion units. However, the circulating supply is limited to 120 million units.
Where to Buy AUDIO Coin?
Initially launched on Uniswap, AUDIO Coin quickly made its way into Binance, the world’s largest cryptocurrency exchange. It is possible to buy AUDIO Coin on Binance through three different trading pairs.
Looking at Binance’s volume, the highest volume is seen in the AUDIO/USDT trading pair. Investors can become AUDIO owners by directly sending USDT to Binance or by purchasing USDT there. Using Binance will provide users with additional liquidity and security.
